Company Registration No. 07001584 (England and Wales)
Talbot (Plumbing & Heating) Limited
Unaudited accounts
for the year ended 30 November 2022
Talbot (Plumbing & Heating) Limited
Unaudited accounts
Contents
Talbot (Plumbing & Heating) Limited
Company Information
for the year ended 30 November 2022
Directors
Abigail Lord
David Lord
Company Number
07001584 (England and Wales)
Registered Office
Barn Cottage
West Orchard
Shaftesbury
Dorset
SP7 0LJ
Accountants
Andrew Donaldson
17 Lake Walk
Adderbury
Banbury
OX17 3PF
Talbot (Plumbing & Heating) Limited
Statement of financial position
as at 30 November 2022
Tangible assets
20,470
27,293
Cash at bank and in hand
47
6,798
Creditors: amounts falling due within one year
(29,992)
(26,903)
Net current liabilities
(21,881)
(15,586)
Total assets less current liabilities
(1,411)
11,707
Creditors: amounts falling due after more than one year
(23,482)
(30,390)
Net liabilities
(24,893)
(18,683)
Called up share capital
2
2
Profit and loss account
(24,895)
(18,685)
Shareholders' funds
(24,893)
(18,683)
For the year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2023 and were signed on its behalf by
David Lord
Director
Company Registration No. 07001584
Talbot (Plumbing & Heating) Limited
Notes to the Accounts
for the year ended 30 November 2022
Talbot (Plumbing & Heating) Limited is a private company, limited by shares, registered in England and Wales, registration number 07001584. The registered office is Barn Cottage, West Orchard, Shaftesbury, Dorset, SP7 0LJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
At 30 November 2022 the company had net liabilities of £24,893 and is reliant on the support of the directors. These accounts have been prepared on the going concern basis.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2021
9,118
30,999
1,873
41,990
At 30 November 2022
9,118
30,999
1,873
41,990
At 1 December 2021
6,829
6,083
1,785
14,697
Charge for the year
572
6,229
22
6,823
At 30 November 2022
7,401
12,312
1,807
21,520
At 30 November 2022
1,717
18,687
66
20,470
At 30 November 2021
2,289
24,916
88
27,293
Talbot (Plumbing & Heating) Limited
Notes to the Accounts
for the year ended 30 November 2022
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
18,687
24,916
Amounts falling due within one year
Accrued income and prepayments
100
-
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
2,456
2,456
Obligations under finance leases and hire purchase contracts
4,898
4,898
Trade creditors
3,771
5,652
Loans from directors
16,682
13,155
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
9,153
14,051
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).